The Solo Agent or a Real Estate Team – What Type of Service to Expect
Whether you have plans to buy or sell real estate, hiring a real estate agent is one of the best first steps that you can take. A skilled and experienced real estate agent can guide you through the entire process and can help you to get the best deal possible. However, before you can enjoy the many exceptional services offered by a specific agent, you must explore the options to find the best agent for the job.
In your quest to find a real estate agent to hire, you likely will find that there are several individuals who operate as a solo agent as well as individuals who work as a real estate team. There are pros and cons to both options that you should explore thoroughly before you make your decision about which option to proceed with.
What a Real Estate Agent Can Do For You
Before you can determine whether you should hire a solo agent or a real estate team, it is important to learn more about what an agent in general brings to the table. The right real estate agent to hire will have profound market experience, and this experience can help you to find the right neighborhood to live in as well as the right home for your needs and budget. In addition, he or she may assist in structuring a competitive pricing offer to give to the seller, and he or she can negotiate the contract to your benefit. Assistance with third party reports, the closing process, and more may also be provided throughout the process.
On the other hand, if you are selling your home, you can benefit from excellent assistance pricing the home appropriately for the market as well as extensive marketing services to generate leads. The real estate agent will coordinate home tours, open houses and more, and he or she will also assist with contract negotiations and representation until the end of the process. Ultimately, you can expect any reputable real estate agent to guide you through all aspects of the process to represent your best interests.
What to Expect From a Solo Agent
Now that you are more aware of what to expect from any real estate agent who you hire, you may be wondering what the pros and cons associated with working with a solo agent are. Teams and solo agents offer different overall experiences to their clients. A solo agent may work for a larger company or brokerage, but the individual acts alone to serve you. This means that you will have one primary point of contact throughout the transaction. This can be beneficial when the real estate agent only has a handful of clients to serve. Having one primary point of contact reduces communication confusion, and it may provide you with more personalized customer service. However, when a solo agent has too many clients, you may not receive the timely support or attention you need throughout the process. A solo agent may work very hard to close your transaction because he or she does not have the financial support of other closings and commissions offered by the team, and he or she may need your transaction to close to pay his or her own bills. In essence, there is more self-motivation and drive to help you achieve your real estate goal. With this in mind, you can generally expect to receive personalized attention and great service from a solo agent unless he or she is currently busy with many clients. If you decide to hire a solo agent to assist you, consider asking about his or her workload as well as available work hours.
How a Real Estate Team Can Benefit You
Some real estate agents have pooled their efforts and resources to create a real estate team. Each real estate team functions differently, so it is important that you inquire about the workflow and structure when interviewing a specific team. With a real estate team, you may have one primary point of contact as well as supportive assistance from others periodically. On the other hand, you may have one agent who assists you with the home search, and another agent who is skilled at pricing and negotiations may structure the offer and negotiate the best terms on the contract. This fragmented approach may allow you to benefit from the strength of multiple people, but it may also be confusing. With a real estate team, you generally will always have someone you can reach out to. You do not have to worry about a real estate team being too busy to assist you in a timely manner or falling sick, taking a vacation, or otherwise being unavailable during your transaction. However, some people find it confusing to work with a real estate team, and there are instances when poor communication within the team can cause issues to fall through the cracks.
How to Decide Between a Solo Agent and a Real Estate Team
Before you proceed with your home buying or selling plans, you must decide if you want to hire a solo agent or a full real estate team to assist you. As you can see, there are various factors that can impact the overall experience that you enjoy through both options, such as the workload of a solo agent or the division of labor between a real estate team. It is important to determine what your expectations are regarding quality of service and availability before you begin your agent search. It may be wise to interview solo agents and real estate teams to learn more about how they work. You may find that you gravitate toward one option.
Evergreen Properties and Investments is a skilled and experienced real estate team that has been serving the Long Beach community for many years with both buyer’s agent and seller’s agent services. The team at Evergreen Properties and Investments is excited to meet with you soon for an initial consultation.
From the Author: My name is Dan Barcelon and I believe that Real Estate can be one of the most valuable assets you’ll ever own. I’m dedicated to educating and guiding my clients on how to manage and leverage their homes to create an Evergreen legacy for themselves and their family. I primarily consult both home buyers and home sellers on reaching their personal and financial goals through Real Estate in the following cities of Southern California: Long Beach, Carson, Cerritos, Signal Hill, Torrance, Lakewood, Cypress, Downey, Bellflower, Norwalk, Wilmington, La Palma, and Artesia.
If you’d like to discuss if buying, selling, or investing in real estate is right for you at this time, feel free to reach out. You can call/text me at 562-270-5812, or you can e-mail me at danb@EPIrealestate.biz.